Jan. 24, 2019
Swift Prepaid Solutions is teaming up with Bitty Advance to support the company's advance funding service for small businesses, according to a press release.
Bitty operates Bitty Advance Line, which provides direct advances of up to $10,000 for small businesses through a prepaid card. Swift will allow small businesses to get virtual advance payments that can be transferred to Apple Pay, Google Pay or Samsung Pay mobile wallets, according to the release.
Swift can also facilitate transfer of the funds directly to business debit cards. Swift offers virtual and physical cards from Visa Direct as part of the partnership.
"Direct funders need a flexible, scalable and compliant global platform as consumers look to optimize services they once received from traditional financial institutions," said Patrick Crosson, vice president of sales, emerging markets at Swift Prepaid Solutions, in the release.
Topics: Money Transfer / P2P
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